Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
Revenue $ 981 $ 975 $ 988
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Operating costs and expenses:      
Operating expense (exclusive of depreciation and amortization shown separately below) $ 245 $ 253 $ 282
Selling, general and administrative, including stock-based compensation (note 11) 433 432 442
Depreciation and amortization 230 262 267
Litigation settlement, net of recoveries (note 13)   67 95
Total operating costs and expenses 908 1,014 1,086
Operating income (loss) 73 (39) (98)
Other income (expense):      
Interest expense (including amortization of deferred loan fees) (206) (133) (117)
Share of earnings (losses) of affiliate (note 5) 1,155 1,326 1,194
Gain (loss) on dilution of investment in affiliate (note 5) (60) (63) (102)
Realized and unrealized gains (losses) on financial instruments, net (note 4) (101) 334 67
Gain (loss) on dispositions, net (note 1)   179 12
Other, net 27 (70) (6)
Earnings (loss) before income taxes 888 1,534 950
Income tax benefit (expense) (200) (277) (218)
Net earnings (loss) 688 1,257 732
Net earnings (loss) attributable to Liberty Broadband shareholders $ 688 $ 1,257 $ 732
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 4.71 $ 8.01 $ 3.97
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 4.68 $ 7.96 $ 3.93